Uranium Energy Corp

Uranium Producer Fourth Quarter Production Up More Than 150% with Significantly Improved Economies of Scale Unhedged Sales Strategy Delivered Peer Leading Realized Price of $93.13 per Pound $753 Million in Liquid Assets (1) and No Debt Advancing the Largest Uranium Resource Base in the U.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Robust Balance Sheet: $753 million in liquid assets (1) , including cash of $495 million, with no debt.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

We enter fiscal 2027 debt-free with an exceptional balance sheet and the ability to fund our ongoing growth.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

However, compliance with government regulations generally, including but not limited to environmental regulations, is an integral part of our day-to-day business and impacts virtually all our capital expenditure and operating decisions at its facilities, as our facilities and operations must comply with this extensive array of environmental, health and safety laws and regulations.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026

The posting of reclamation and remediation performance bonds and the costs associated with permitting and licensing activities require a substantial budget and ongoing cash commitments, including capital expenditures and operating costs that are incorporated into our budgets, project analyses and earnings projections.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026

We do not currently expect, for the current fiscal year or for any subsequent period, capital expenditures for environmental control facilities to be material beyond amounts included in its ordinary-course project, permitting, restoration and compliance budgets.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026

Uranium Producer Fourth Quarter Production Up More Than 150% with Significantly Improved Economies of Scale Unhedged Sales Strategy Delivered Peer Leading Realized Price of $93.13 per Pound $753 Million in Liquid Assets (1) and No Debt Advancing the Largest Uranium Resource Base in the U.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

As planned, this initial phase was limited to a small section of the first production area to establish key operating parameters ahead of expansion across the full wellfield.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Strategic Inventory Position in a Tightening Market: 1,256,000 pounds of U O as of July 31, 2026, valued at $109 million at current market prices (1) , excluding 359,260 pounds of precipitated uranium and dried and drummed U 3 O 8 at the Irigaray Central Processing Plant ( CPP ) and Hobson CPP.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Our unhedged sales strategy delivered a weighted average realized price of $93.13 per pound, which we believe is the highest among publicly traded uranium producers.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Consistent with our strategy over many quarters, we continue to hold most of our inventory, and that approach is being rewarded as the market tightens.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Department of Energy export control regulations for nuclear technology.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which could cause actual results to differ materially.

SEC original ↗Uranium Energy Corp — Earnings release (8-K exhibit)EX-99Sep 29, 2026

Forward-looking statements are subject to known and unknown risks and uncertainties, including those set forth under Item 1A.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026

Such risks and uncertainties have the potential to cause actual results, performance, achievements or events to be materially different from any future results, performance, achievements or events implied, suggested or expressed by any forward-looking statements made by us or by persons acting on our behalf.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026

Furthermore, there is no assurance that we will be successful in preventing the material adverse effects that any one or more of these material risks and uncertainties may cause on our business, prospects, financial condition and operating results, or that the foregoing list represents a complete list of the material risks and uncertainties facing us.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026

There may be additional risks and uncertainties of a material nature that, as of the date of this Annual Report, we are unaware of or that we consider immaterial that may become material in the future, any one or more of which may result in a material adverse effect on us.

SEC original ↗Uranium Energy Corp — 10-K Annual report10-KSep 29, 2026